+
Railway ministry drops proposal to monetise stations on PPP mode
RAILWAYS & METRO RAIL

Railway ministry drops proposal to monetise stations on PPP mode

The ministry of railroads has rejected its idea for station monetisation through public-private partnerships, and projects are currently being undertaken through engineering, procurement, and construction (EPC). The railway ministry has been instructed to hasten the sale of other assets such as trains, goodsheds, hill rail, stadiums, railway settlements, and railway land parcels.

So far, the ministry has only raised Rs 18.29 billion against a target of Rs 300 billion for the current fiscal year. The likely revenue from asset monetisation of Indian Railways assets under the NMP (National Monetisation Pipeline) in the current fiscal year has now been estimated at Rs 49.99 billion.

Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation. Earlier this year, the then NITI Aayog CEO Amitabh Kant had said the government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh.

According to the NMP document, a total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways were among the assets identified by the government for monetisation. In August 2021, Sitharaman announced the Rs 6 trillion NMP over four years to unlock value in infrastructure assets across sectors. Niti Aayog in consultation with infrastructure line ministries had prepared the report on the NMP.

Also Read
Agra Metro prepares to launch tunnel boring machine
80 AMRUT projects worth Rs 4.06 bn completed in J&K

The ministry of railroads has rejected its idea for station monetisation through public-private partnerships, and projects are currently being undertaken through engineering, procurement, and construction (EPC). The railway ministry has been instructed to hasten the sale of other assets such as trains, goodsheds, hill rail, stadiums, railway settlements, and railway land parcels. So far, the ministry has only raised Rs 18.29 billion against a target of Rs 300 billion for the current fiscal year. The likely revenue from asset monetisation of Indian Railways assets under the NMP (National Monetisation Pipeline) in the current fiscal year has now been estimated at Rs 49.99 billion. Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation. Earlier this year, the then NITI Aayog CEO Amitabh Kant had said the government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh. According to the NMP document, a total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways were among the assets identified by the government for monetisation. In August 2021, Sitharaman announced the Rs 6 trillion NMP over four years to unlock value in infrastructure assets across sectors. Niti Aayog in consultation with infrastructure line ministries had prepared the report on the NMP. Also Read Agra Metro prepares to launch tunnel boring machine 80 AMRUT projects worth Rs 4.06 bn completed in J&K

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code